Dawei Co., Ltd.: Plans to raise no more than 108 million yuan through a private placement for embedded memory research and development and industrialization projects

Gelonghui March 10 | Dawei Co., Ltd. announced that this time, the company issued shares to specific targets through a simplified procedure, raising a total of 108.5 million yuan. The net proceeds after deducting related issuance expenses will be fully invested in embedded memory research and development and industrialization projects. If the company invests its own funds in the project prior to the funds being received from this share issuance to specific targets through a simplified procedure, based on the company’s operating conditions and development plan, the pre-investment will be replaced with the raised funds after they are received.

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